Analysts Set Venator Materials PLC (NYSE:VNTR) Target Price at $11.33

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Venator Materials PLC (NYSE:VNTR) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are currently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $11.33.

A number of research analysts have recently issued reports on the company. Nomura reduced their price objective on Venator Materials from $6.00 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada cut Venator Materials from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $8.00 to $3.00 in a research note on Friday, August 9th. Citigroup cut Venator Materials from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $7.50 to $4.50 in a research note on Friday, July 12th. Morgan Stanley set a $6.00 price objective on Venator Materials and gave the company a “hold” rating in a research note on Wednesday, June 19th. Finally, Bank of America raised Venator Materials from an “underperform” rating to a “buy” rating in a research note on Friday, August 16th.

Shares of NYSE:VNTR opened at $2.90 on Tuesday. The stock’s 50-day moving average price is $2.54 and its 200-day moving average price is $4.62. Venator Materials has a 12-month low of $1.85 and a 12-month high of $10.30. The stock has a market capitalization of $309.62 million, a P/E ratio of 1.32, a price-to-earnings-growth ratio of 0.82 and a beta of 2.52. The company has a current ratio of 2.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.87.

Venator Materials (NYSE:VNTR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.04). Venator Materials had a negative net margin of 19.42% and a positive return on equity of 9.02%. The company had revenue of $578.00 million for the quarter, compared to the consensus estimate of $585.27 million. During the same period last year, the business posted $0.85 earnings per share. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. As a group, research analysts predict that Venator Materials will post 0.34 EPS for the current year.

In other Venator Materials news, Director Kathy Dawn Patrick bought 60,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average cost of $2.69 per share, for a total transaction of $161,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kurt Ogden bought 15,000 shares of the stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $2.23 per share, with a total value of $33,450.00. The disclosure for this purchase can be found here. Insiders acquired 130,300 shares of company stock valued at $338,303 over the last 90 days. 0.31% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Luminus Management LLC lifted its holdings in shares of Venator Materials by 290.8% during the second quarter. Luminus Management LLC now owns 973,005 shares of the company’s stock valued at $5,147,000 after purchasing an additional 724,054 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Venator Materials during the second quarter valued at approximately $158,000. Cubist Systematic Strategies LLC increased its position in shares of Venator Materials by 83.8% during the second quarter. Cubist Systematic Strategies LLC now owns 67,201 shares of the company’s stock valued at $355,000 after acquiring an additional 30,645 shares in the last quarter. Morgan Stanley increased its position in shares of Venator Materials by 3.9% during the second quarter. Morgan Stanley now owns 4,827,049 shares of the company’s stock valued at $25,534,000 after acquiring an additional 182,228 shares in the last quarter. Finally, Blackstone Group Inc bought a new stake in shares of Venator Materials during the second quarter valued at approximately $5,290,000. Hedge funds and other institutional investors own 43.21% of the company’s stock.

Venator Materials Company Profile

Venator Materials PLC manufactures and markets chemical products worldwide. It operates through two segments, Titanium Dioxide and Performance Additives. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and nano TiO2 products for use in coatings, plastics, paper, printing inks, fibers, and food and personal care products.

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Analyst Recommendations for Venator Materials (NYSE:VNTR)

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